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viva el presidente!
16 Jul 11 17:54
Joined:
Date Joined: 10 Jun 06
| Topic/replies: 18,001 | Blogger: viva el presidente!'s blog
scrap commission completely and base their entire charging structure on the PC.
Pause Switch to Standard View would betfair ever do this, do you...
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Report Feck N. Eejit July 16, 2011 6:05 PM BST
It would be fairer but, as it would have to apply to everyone, it would be the end of betfair.
Report askari1 July 16, 2011 8:01 PM BST
I've suggested it, asking what %age of profits people wd be willing to live in the absence of commission. Suddenly everyone has gone quiet--or at least everyone on a site largely populated by traders.

I'm sure the biggest liquidity provider cd live w/ it. And so cd people like me, who arb, take positions and have made an effort to keep being able to get on elsewhere.
Report FINE AS FROG HAIR July 16, 2011 8:11 PM BST
Still with sliding scales ?
Report askari1 July 16, 2011 8:22 PM BST
Well, my first suggestion was rising bet sizes w/ rising historical site profit, wh/ I presumed wd be surprisingly effective in equalising returns between punters given the way market-making algorithm work on the horses.

But technically this wd prob. be impossible.

Rising charges w/ rising historical site profits wd not reward players for the liquidity they provided and wd have much the same effect as the pc they've come up w/.

In some respects the idea doesn't seem much worse.
Report againstthecrowd July 16, 2011 8:26 PM BST
No   0% commission if you are classified as a 'MUG' ..

If you lose then should not need to pay comm.. 90% 'winners PC can take care of that..
Report FINE AS FROG HAIR July 16, 2011 8:29 PM BST
I want, no I need, some of that "MUG" classification please.
Sure would make a nice, interesting change if all the " expert punters" on here suddenly started claiming that after all they were always just "MUGS".
Report screaming from beneaththewaves July 16, 2011 9:57 PM BST
I would like the option of either paying via the current commission structure or paying a monkey upfront each month to use the site commission-free.

As I'm on 4% commission, £6,000/year would roughly equal what I am currently paying. The difference with an upfront payment would be that, as a gambler with no interest in going all-green, I would punt vastly more money on here as so many more prices would become value without commission.
Report FINE AS FROG HAIR July 16, 2011 10:01 PM BST
I don't think anywhere near enough on here would have your apparent confidence in their betting strategies/skills for that idea ever to work.
I sort of like it though.
Report screaming from beneaththewaves July 16, 2011 10:31 PM BST
I'm only advocating it as an alternative.

Keep the current structure just as it is, but offer an upfront payment in the smallprint as an alternative for those who want it.
Report pxb July 16, 2011 11:03 PM BST
As I'm on 4% commission, £6,000/year would roughly equal what I am currently paying.

Flat rate subscription,

Yet one more way a competitor could differentiate.

There is no reason in principle why all 3 models couldn't be used simultaneouly

per tx

per market

per time period
Report pxb July 16, 2011 11:05 PM BST
BTW, screaming

I'm about to start a weather watch thread for the test match.
Report Lori July 17, 2011 10:18 AM BST
They tried the upfront payment with poker and it failed fwiw.
Report screaming from beneaththewaves July 17, 2011 12:01 PM BST
Is that so? I had no idea, Lori.

Oh, well. Sad
Report Lori July 17, 2011 12:22 PM BST
In fairness it was Dutch Boyd who was behind the idea, so there wasn't exactly huge amounts of trust there.
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